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The Agribusiness Bulletin

The Agribusiness Bulletin focuses on national and local industry, as well as cross-industry insights and trends. This includes some of the drivers we expect to shape the future of the industry and potential challenges that may arise. To get more articles like this delivered straight to your inbox subscribe to the Agribusiness Bulletin.

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Guidelines about the program will be released this year which will include details on research priorities for the first round of funding

Generally, proposed research must be practical, accessible to primary producers, and aimed at lifting farm productivity and profitability

In assessing applications, the program will seek a balance between R&D needs in the areas of production, natural resource pressures and driving better returns.

Funds from the Rural R&D for Profit initiative will be disbursed to Rural Research and Development Corporations (RDCs) who partner with researchers, producers, and other funding sources.

RDCs exist across 15 agriculture, fishery and forestry industries to facilitate and fund practical research into improvements to primary production or processing activities that benefit the industry and improve Australia’s competitiveness and sustainability. They include:

RDCs are funded primarily through levies on production and by matching research grants from the Commonwealth.

Both researchers and agribusiness companies should be aware of the opportunities that RDC funding can present.

By bringing together the practical experience of producers and the specialist skills of researchers, RDCs have been able to expand and improve farming practices while ensuring a strong indirect return on investment for the taxpayer.

In the past, successfully funded RDC projects have completed valuable research in diverse topics ranging from the eco-efficiency of dairy manufacturers and pig feed conversion efficiency to the public health benefits of salmonella control in eggs and the control of bacterial blight in walnuts.

If you have a research project in mind, this new Rural R&D for Profit initiative may be suitable for you.

Additionally, state and federal governments provide a number of other government assistance programs to assist businesses who are taking on new employees or expanding their plant and equipment capabilities.

The Deloitte R&D and Government Incentives team can provide expert advice on accessing government funding to support your projects and investment plans.

Detailed Rural R&D for Profit application information, including the timing of the first round of grants, is expected in the coming months.

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Damon is a partner of Risk Advisory and has over 18 years’ experience in both public policy and consultancy. Damon specialises in the design, development and implementation of a range of benchmarking ... More

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